Harvesters of Foreclosure SorrowTopic: Mortgage
The continuing foreclosure crisis kicks the very foundation of the American economy, the homeowner. Homeowners across the nation are being forced to leave their most prized investments and face financial instability.
As if this was not shameful enough, many homeowners are being defrauded by so-called "Foreclosure Specialists." In reality, these specialists are small businesses dedicated to preying upon unsuspecting homeowners facing foreclosure. Many of these businesses promise financial stability and the ability to save the homeowners home, but their main focus is to take as much money from the homeowner as possible and leave them still in foreclosure.
Thus, they are commonly referred to as "foreclosure predators." These companies use emotional instability to guide their prospects into paying them egregious fees for little or no work on behalf of the homeowner. While the homeowners they promise to help are thrown out into the street, they are taking as much money from them as possible. This type of predatory business preys upon many unsuspecting homeowners every year.
Unfortunately, the businesses that do, in fact, help homeowners are becoming tied in with such predators. Not only do the predators hurt their own customers, but they also prevent other reputable companies from actually helping people. The following tips may be helpful in determining if a foreclosure consultation company.
First, a homeowner must be sure that the consultant is a member of the Better Business Bureau. If a consultant dodges this question, they are generally not a reputable company. Also, it will help the company is a Reliability Partner with the BBB. This designation is only given to the highest rated companies within the BBB. This verification shows that the business has never had any unresolved complaints against it. This is a very reliable way to determine the legitimacy of a business.
Also, a homeowner should ensure that the company is a member of Dun & Bradstreet. This financial institution provides valuable commercial information regarding some businesses. If a consultant is a member with D&B, they are most likely among the elite in their industry.
Lastly, do not be concerned with up front fees, but beware of guarantees. Most consultation firms must charge up front fees for the simple reason that once a home is saved, many times the homeowners do not feel the need to pay them. Guarantees, however, are not the mark of a good consultation firm. Reputable firms understand the work that it takes to save a home. Therefore, most do not guarantee anything because it is a risky business. When choosing a consultant, homeowners should choose a firm that conducts an interview to determine whether the homeowner will qualify.
Foreclosure predators will always be attempting to defraud homeowners during perilous times, but with eternal vigilance, a homeowner can avoid the chances of being caught by "black brokers".
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I would definitely never do such a thing for peasrnol property, such as my house, however I can see the benefits from a business perspective. For instance, if you had a mortgage for a business property, you might choose to do something along these lines to help your business grow a little faster in infancy. For instance, I know a guy who has $2 mil invested in a blueberry farm. Blueberries don't even produce anything for seven years. Year seven rolls around, he starts making money. Anything he can do in the meantime to minimize payments or push them off till later would probably make sense. But to reiterate I would never, ever ever consider doing something like this for peasrnol property.
I haven't read Lord Valentine's Castle yet, no. It's currently in a drwear in Pete's house. I bought a couple of books in Ottawa Hellstrom's Hive which I'm reading now and A Spell for Chameleon. Depending on how quickly I can read those two, I'll probably make a start on LVC next week maybe on the flight back to blighty.According to Wikipedia, Robert Silverberg called Silverbob by George R R Martin has written a million books. Approximately. The only one I've read is Nightfall (co-written with Isaac Asimov) and it was very good (although something about the setting didn't make sense).
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